![Bank of England to take Bank Rate to 5.50% over next two meetings: Reuters poll](https://www.usinternationalnews.com/wp-content/uploads/2023/06/images-39-1.jpeg)
Bank of England to take Bank Rate to 5.50% over next two meetings: Reuters poll
The Bank of England will raise borrowing costs 50 basis points higher than was thought only two weeks ago, in two quarter-point moves, as elevated inflation proves tricker to bring down than had been expected, according to economists polled by Reuters. Last week, the central bank surprised investors by raising interest rates half a percentage point, taking…